RAG Austria AG is Austria’s largest gas storage company– making it the country’s biggest energy storage provider – and one of Europe’s leading gas storage facility operators. The company develops pioneering energy technologies that act as partners to renewables. Its portfolio of business activities also includes gas production, supply and trading, as well as the use of gas as a transport fuel.
In 2018 Rohöl-Aufsuchungs AG, Austria’s oldest-established exploration, production and gas storage company with a history stretching back 80 years, was split into two new businesses: RAG Austria AG and RAG Exploration & Production GmbH. RAG Austria AG focuses on the core gas storage business, as well as developing and expanding the use of cutting-edge energy technologies. Operations also extend to gas production, supply and trading, as well as the use and marketing of gas as a transport fuel.
RAG Austria AG is playing a vital role in achieving Austria’s ambitious climate goals, and in the sustainable stewardship of the country’s raw material and energy supplies. Without the energy in RAG’s storage facilities, phased decarbonisation would not be possible, so they are key to future energy security. RAG Austria AG is committed to maximising quality and maintaining its strong long-term commercial performance by leveraging its longstanding subsurface engineering expertise, wide-ranging technological capabilities, high environmental and safety standards, and collaborative and transparent corporate culture. The company’s success reflects its ability to innovate, and to spot and capitalise on new trends and business opportunities.
RAG’s goal is to provide its customers with safe, efficient, environmentally friendly and affordable energy and gas storage services – sustainably and responsibly.